zapamac
Long

Bullish Entry! "watch out for Geo-Political headline risk"

NYSE:QIHU   QIHOO 360 TECHNOLOGY CO LTD
100 2 1
Perfect setup forming 12% target 3-4% stop at 61.8% retracement but i set extra room and will prolly tighten as it progresses ( stocks has high intraday volatility.) will raise on headline risk or bearish candles. $85.83. Is the real place this stock has to hold!

I'm bullish QIHU             long term, but being very careful on all trades and reducing risk amount due to "GEO Political Headline Risk"
1. oversold on RSI with near identical pops in march 2013 and may 14
2. Bollinger Band bounce, Safer trade would be waiting to enter trade Tomorrow if we get Bullish Confirmation
3. Strong Support below entry.
4.Pattern has been repeated again and again
5. Strength on a overall weak day*******( just shows how strong of a setup and is at such a key level in this stocks life.

I am long this Stock and this is adding additional exposure with different time frames and goals and trade these positions with additional shares when a good setup happens.
WolfCOO
2 years ago
I have been building a position on this play as well. Intra-day volatility has been high so I have been making some short term trades while this stock finds a bottom.
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zapamac WolfCOO
2 years ago
Stocks getting pummeled due to Alibaba I think. Long term Support level has been reached. Been a tough stock but still bullish long term
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